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1/27/2016 4:39:54 PM
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Russia is a socialist nation sitting on stockpiles of oil reserves. The reason Russia lost the cold war was they ran out of money I don't see the results being the same next time though. Had we stayed with the gold standard and had we stayed with capitalism we would be the strongest still however with our leadership injecting bits of Socialism we are becoming that overripe fruit Russia spoke of ready to fall into your hand.
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Oil per barrel price is 31.45 today, Russia BROKE! *drops the mic walks out* j/k on the mic part anyway the current energy environment is crippling the Russian state being that nearly 60% of the budget comes from energy revenues The larger portion of their national budget has shrunk by about $85 over the last 2 years. Lets do some math: $32(current price)/$115(price 2 years ago)=28%(current income vs previous income) 28%/60%(how much of their budget is effected)=17%(what remains) 17%+40(the rest of the budget unaffected)=57%(The current budget of Russia vs 2 years ago) In other words broke, almost half of their budget grew wings and flew away. But no worries many other dictatorships around the world are also feeling the oil burn (pun intended).
